Price trend

The acrylic acid market had been operating weakly recently. According to the Commodity Market Analysis System of SunSirs, as of March 5th, the average quoted price of acrylic acid in East China was 6,175.00 RMB/ton, a decrease of 1.00% compared to last Wednesday (February 18th).

Factors affecting the price of acrylic acid:

Cost side: According to the commodity market analysis system of SunSirs, on March 4th, the reference price for propylene was 6,863.25 RMB/ton, a decrease of 0.11% compared to March 1st (6,870.75 RMB/ton). Recently, the raw material propylene market had been experiencing narrow fluctuations and consolidation, with moderate support for the acrylic acid market.

Supply and demand side: In recent times, the demand side had been dragging the market, with the terminal market mainly being wait-and-see. Downstream new orders had limited transactions, and the purchasing attitude towards the acrylic acid market was cautious. Enterprises were not smooth in shipping, and some discounts were used to promote transactions. The focus of negotiations in the acrylic acid market had decreased.

Market outlook

The acrylic acid analyst from SunSirs believes that the short-term cost support is limited, downstream manufacturers have poor purchasing sentiment, and mostly maintain following up with small orders on demand. The market atmosphere is light, and it is expected that the acrylic acid market will continue to consolidate weakly in the short term. More attention should be paid to market news guidance.

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